CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS

Note 1 – Profile

1.1 The Municipality of Calasiao, the second oldest town in the Province of
Pangasinan was founded by the Dominican Missionaries in 1588. The Roman
Catholic Church of Calasiao is one of the largest churches in the province. A first
class municipality,Calasiao is located in the central part of Pangasinan with a
land area of 5,339 hectares, with 24 barangays and 31 sitios. Farming is the
principal way of living and rice is its major crop. This town is noted for its famous
puto. People from faraway places come to Calasiao to pay homage to
SeñorDivino Tesoro.

1.2 The Municipality maintained three funds, namely, General Fund (which included
the Housing Project Fund & Economic Enterprises Office) Special Education Fund
and Trust Fund.

1.3 Significant Accomplishment for the year 2017

Project / Program / Activity Name Total Cost Remarks

Rehabilitation/Improvement of Multi-Purpose
Hall/Gym (Phase I)
@ Calasiao Comprehensive National High School 1,499,036.40 Completed
(CCNHS)Poblacion Area
Installation of Solar Street Lights Connecting Parts
of Barangays. 4,498,780.60 Completed
@ Nalsian, San Miguel, Gabon and Villamil Bridge
Construction of Multi-Purpose/Gym (Phase II)
@ Poblacion East 1,499,317.00 Completed
Construction of Multi-Purpose/Gym
@Ambonao 2,998,200.90 Completed
Construction of Covered Parking for Tricycles
@ Public Market 4,499,048.00 Completed

Improvement of Multi-Purpose Building/Calasiao

Sports Complex
@ Poblacion West 2,498,892.70 Completed
Distribution of Construction Materials at 24
Barangays
@ Various Barangays 4,298,048.20 Completed
Concreting Core Local Roads of Four Barangays
@ Buenlag, Ambonao, Longos and Bued 18,144,757.77 Completed
Note 2 - The consolidated financial statements of the LGU have been prepared in
accordance with and comply with the Philippine Public Sector Accounting
Standards (PPSAS). The consolidated financial statements are presented in pesos,
which is the functional and reporting currency of the LGU and all values are
rounded to nearest thousand (P000). The accounting policies have been applied
starting the year 2015.

Note 3 - Summary of Significant accounting policies

3.1 Basis of Accounting

The (consolidated) financial statements are prepared on an accrual basis in

accordance with the Philippine Public Sector Accounting Standards (PPSAS).

3.2 Consolidation

The controlled entities (funds) are all those over which the controlling entity has
the power to govern the financial and operating policies. Inter-group
transactions, balances and unrealized gains and losses on transactions between
entities and funds are eliminated in full. The LGU maintains special accounts under
the General Fund for the following economic enterprises it operates:

 Economic Enterprise Office

 Housing

3.3 Revenue Recognition

Revenue from non-exchange transactions.

Taxes, fees and fines.

The LGU recognizes revenues from taxes and fines when the event occurs and
the asset recognition criteria are met. To the extent that there is a related
condition attached that would give rise to a liability to repay the amount, liability
is recognized instead of revenue. Other non-exchange revenues are recognized
when it is improbable that the future economic benefit or service potential
associated with the asset will flow to the entity and the fair value of the asset can
be measured reliably.

3.4Property, Plant and Equipment

All property, plant and equipment are stated at cost less accumulated
depreciation and impairment losses. Cost includes expenditure that is directly
attributable to the acquisition of the items. When significant parts of property,
plant and equipment are required to be replaced at intervals, the LGU
recognizes such parts as individual assets with specific useful lives and
depreciates them accordingly. Likewise, when a major inspection is
 performed, its cost is recognized in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other
repair and maintenance costs at its fair value.

Depreciation on assets is charged on a straight-line basis over the useful life of the
asset.

Depreciation is charged at rates calculated to allocate cost or valuation of the

asset less any estimated residual value over its remaining useful life: (refer to COA
issuances on the prescribed useful life of assets)

Public Infrastructures were not previously recognized in the books. The LGU
availed of the 5-year transitional provision for the recognition of the Public
Infrastructure. For the first year of implementation of the PPSAS, the LGU will not
recognize the Public Infrastructure in the books of accounts.

Only PPEs acquired after the fire that gutted the Municipal Hall were provided
depreciation.

Below is a list of Road Networks initially closed to Government Equity but was
reverted back as part of PPE.

Year Particular Location Amount

March 2012 Farm to Market Roads Mancup 398,198.85
April 2012 Farm to Market Roads Lumbang 999,000.00
June 2012 Repair/Rehab. Sitio
Pogo Nalsian 998,497.20
July 2012 Rehab. Tebron Ext. Mancup 499,000.00
February 2013 Asphalt – Pogo Nalsian Nalsian 998,497.20
February 2013 Farm to Market Road Lumbang 999,000.00
Nalsian-
March 2013 Construction of Road Bacayao 999,000.00
March 2013 Farm to Market Road
SItioJoves Nagsaing 499,500.00
March 2013 Improvement of Roads Cabilocaan 299,277.00
April 2013 Asphalt-Sitio-Pogo
Phase II Nalsian 800,000.00
October 2013 Farm to Market Road Songkoy 998,645.76
December Const’n. Farm to
2013 Market Nagsaing 313,272.96
8,801,888.97

3.5Financial liabilities

Initial recognition and measurement.

 Financial liabilities within the scope of IPSAS 29 are classified as financial liabilities
at fair value through surplus or deficit or loans and borrowings, as appropriate.
The LGU determines the classification of its financial liabilities at initial recognition.

All financial liabilities are recognized initially at fair value and, in the case of loans
and borrowings.

The LGU Group’s financial liabilities include trade and other payables, loans and
borrowings.

3.6Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and cash at bank, deposits
on call and highly liquid investments with an original maturity of three months or
less, which are readily convertible to known amounts of cash and are subject to
insignificant risk of changes in value. For the purpose of the consolidated
statement of cash flows, cash and cash equivalents consist of cash and short-
term deposits as defined above, net of outstanding bank overdrafts.

3.7Inventories

Inventory is measured at cost upon initial recognition. To the extent that inventory
was received through non-exchange transactions (for no cost or for a nominal
cost), the cost of the inventory is its fair value at the date of acquisition.

Inventories are recognized as an expense when deployed for utilization or

consumption in the ordinary course of operations of the LGU.

3.8Changes in Accounting Policies and Estimates

The LGU recognizes the effects of changes in accounting policy retrospectively.

The effects of changes in accounting policy are applied prospectively if
retrospective application is impractical.

The LGU recognizes the effects of changes in accounting estimates prospectively

by including in surplus or deficit.

3.9Related Parties

The LGU regards a related party as a person or an entity with the ability to exert
control individually or jointly, or to exercise significant influence over the LGU, or
vice versa. Members of key management are regarded as related parties and
comprise the Governor, Mayors, Vice-Governors and Vice-Mayors, Sanggunian
Members, Committee Officials and Members, Accountants, Treasurers, Budget
Officers, General Services and all Chiefs of Departments/Divisions.

3.10Budget Information
 The annual budget is prepared on the modified cash basis, that is, all planned
costs and income are presented in a single statement to determine the needs of
the LGU. As a result of the adoption of the Modified cash basis for budgeting
purposes, these are basis, timing or entity differences that would require
reconciliation between the actual comparable amounts and the amounts
presented as a separate additional financial statement in the statement of
comparison of budget and actual amounts. Explanatory comments are provided
in the notes to the annual financial statements; first, the reasons for overall growth
or decline in the budget are stated, followed by details of overspending or
underspending on line items.

Note 4 - Cash and Cash Equivalents

2017 2016

Cash on Hand

Cash - Local Treasury 1,569,848.66 1,373,038.21

Petty Cash 0.00 4,081.18
Cash in Bank - Local Currency-Current Account 58,909,658.23 32,023,056.88
Total Cash and Cash Equivalent 60,479,506.89 33,400,176.27

SUMMARY OF BANK ACCOUNTS

Bank Name Account No. Account Balance

GF LandBank of the Philippines 1021-44 43,154,131.82

EEO LandBank of the Philippines 1029-85 2,902,735.67

HOUSING 1030-60 3,092,559.08

LandBank of the Philippines
SEF 1048-43 1,664,473.83
LandBank of the Philippines
TRUST FUND
LandBank of the Philippines 1 1034-42 5,763,739.73
LandBank of the Philippines II 1031-24 30,000.00
LandBank of the Philippines III 1032-30 30,000.00
LandBank of the Philippines IV 1034-18 721,217.34
LandBank of the Philippines V 1034-26 47,914.00
PostBank 4765-231 539,798.00
Development Bank of the
10597-535-6 963,088.76
Philippines
58,909,658.23

Notes 5 – Receivables
 Loans and Receivable Accounts 2017 2016
Accounts Receivable 601,335.45 603,328.45
Due from Officers and Employees 38,473.77 42,112.40
Loans Receivable – Others 555,205.00 555,205.00
Total 1,195,014.22 1,200,645.85

Inter-Agency Receivables 2017 2016

Due from National Government Agencies 20,006.30 20,006.30
Due from Local Government Units 12,872.13 12,872.13
Total 32,878.43 32,878.43

Intra-Agency Receivables 2017 2016

Due from Other Funds 13,760,263.59 8,465,639.72
Receivables – Disallowances / Charges 2,877,250.87 2,920,392.31
Advances for Officers and Employees 22,000.00 82,000.00
Total 16,659,514.46 11,468,032.03

Other Receivables 2017 2016

Other Receivables 1,053,354.22 1,053,354.22
Total 1,053,354.22 1,053,354.22

Inventories 2017 2016

Drugs and Medicines Inventory 99,945.00 99,716.00
Total 99,945.00 99,716.00

Note 6- Property, Plant and Equipment

Net
2017 Addition/(Red 2016
uction)
Land 43,716,690.45 3,127,400.00 40,589,290.45
Other Land Improvement 48,084,962.91 898,328.45 47,186,634.46
Road Networks 35,897,078.64 14,063,061.70 21,834,016.94
Flood Control System 2,584,925.44 1,398,666.80 1,186,258.64
Sewer Systems 11,768,215.29 5,996,554.30 5,771,660.99
Water Supply Systems 9,336,353.93 7,505,026.60 1,831,327.33
Other Infrastructure Assets 3,029,867.40 2,530,305.46 499,561.94
Buildings
Office Buildings 87,298,827.22 0.00 87,298,827.22
School Buildings 9,009,674.32 1,105,140.33 7,904,533.99
Hospitals & Health Centers 1,443,500.00 0.00 1,443,500.00
Markets 14,663,068.40 0.00 14,663,068.40
Slaughterhouse 5,611,594.14 0.00 5,611,594.14
Other Structures 145,467,703.42 17,609,587.58 127,858,115.84
Office Equipment, Furniture’s & Fixtures
Office Equipment 2,612,422.49 15,000.00 2,597,422.49
Furniture & Fixtures 6,925,294.79 374,539.05 6,550,755.74
 Information & Communication
Technology Equipment 9,738,880.12 566,910.00 9,171,970.12
Machinery & Equipment
Agricultural and Forestry Equip. 1,400,000.00 0.00 1,400,000.00

Communication Equipment 30,000.00 30,000.00

Medical Equipment 2,890,394.55 1,529,791.85 1,360,602.70
Other Machineries & Equipment 3,380,848.99 499,500.00 2,881,348.99
Disaster Response and Rescue
Equipment 5,505,219.80 4,205,168.00 1,300,051.80
Military, Police and Security Equipment 142,186.71 0.00 142,186.71
Technical and Scientific Equipment 810.37 0.00 810.37
Transportation Equipment
Motor Vehicles 10,650,547.00 3,670,400.00 6,980,147.00
Power Supply System 10,074,994.96 0.00 10,074,994.96
Other Property Plant & Equipment 1,034,620.96 6,405.00 1,028,215.96
Construction in Progress – Infrastructure
Asset 0.00 (5,674,011.12) 5,674,011.12
Total 472,298,682.30 59,457,774.00 412,840,908.30

Less: Accumulated Depreciation 45,386,540.06 9,162,412.89 36,224,127.17

Net Amount 426,912,142.24 50,295,361.11 376,616,781.13

2017
Land 43,716,690.45
Other Land Improvements 48,084,962.91
Road Networks 35,897,078.64
Flood Control Systems 2,584,925.44
Sewer Systems 11,768,215.29
Water Supply Systems 9,336,353.93
Other Infrastructure Assets 3,029,867.40
Power Supply System 10,074,994.96
Buildings 87,298,827.22
School Buildings 9,009,674.32
Hospital and Health Centers 1,443,500.00
Markets 14,663,068.40
Slaughterhouses 5,611,594.14
Other Structures 145,467,703.42
Office Equipment 2,612,422.49
Information and Com. Tech. Equipment 9,738,880.12
Agriculture and Forestry Equipment 1,400,000.00
Communication Equipment 30,000.00
Disaster Response and Rescue Equipment 5,505,219.80
Military, Police and Security Equipment 142,186.71
Medical Equipment 2,890,394.55
Technical and Scientific Equipment 810.37
 Other Machinery Equipment 3,380,848.99
Motor Vehicles 10,650,547.00
Furniture’s and Fixtures 6,925,294.79
Other Property, Plant and Equipment 1,034,620.96
Total 472,298,682.30
Less: Accumulated Depreciation 45,386,540.06
Net Amount 426,912,142.24

Included in the Land account in the Special Account – Housing was the cost of the lots that
were sold and being sold by the Municipality. Due to lack of records the accounts was lumped
and not yet split. The Municipality will exert efforts to provide proper costing / accounting in
the future.

Note 7 – Liabilities

Financial Liabilities 2017 2016

Accounts Payables 11,849,737.44 5,823,088.15
Loans Payables – Domestic (Current) 80,368,089.96
Loans Payables – Domestic (Non-Current) 80,368,107.96
Total 92,217,827.40 86,191,196.11

The Municipality of Calasiao restructured its Loans Payable and part of the agreement calls
for a 1 year grace period on the payment of principal thus no portion of the Loans Payable is
due for the year 2017.

Inter-Agency Payables 2017 2016

Due to BIR 1,053,983.66 1,817,935.36
Due to GSIS 1,461,842.60 1,236,410.37
Due to Pag-Ibig 236,718.33 168,302.61
Due to PhilHealth 133,394.53 45,992.53
Due to NGAs 8,203,236.12 14,080,019.01
Due to GOCCs 615,852.82 351,293.49
Due to LGU 8,916,571.22 909,110.21
Total 20,621,599.28 18,609,063.58

The first four accounts represents the amount deducted from the salaries of officials and
employees and is remitted to the respective government agencies immediately on the month
following the month for which these were deducted. While the remaining accounts represents
balances of funds received by the LGU for specific purposes.

Intra-Agency Payables 2017 2016

Due to Other Funds 13,773,106.28 8,480,787.46
Total 13,773,106.28 8,480,787.46

Trust Liabilities 2017 2016

Trust Liabilities 0.00
Trust Liabilities – Disaster Risk Reduction
& Management Fund 4,935,293.16 6,208,170.44
 Total 4,935,293.16 6,208,170.44

Deferred Credits/Unearned Income 2017 2016

Deferred Real Property Tax 1,063,861.80 1,030,165.40
Deferred Special Education Tax 1,063,861.80 1,030,165.40
Total 2,127,723.60 2,060,330.80

Note 8 – Other Payables

2017 2016
Other Payables 448,653.95 446,853.95
Total 448,653.95 446,853.95

Note 9 – Tax Revenue 2017 2016

Tax Revenue – Individual and Corporation
Community Tax 1,283,632.66 1,152,792.63
Tax Revenue – Property
Real Property Tax – Basic 11,784,933.72 9,466,312.66
Discount – Real Property Tax – Basic (1,263,231.46) (1,187,920.25)
Special Education Tax 14,731,168.06 11,833,107.68
Discount – Special Education Tax (1,579,039.32) (1,485,116.11)
Tax Revenue – Goods & Services
Business Tax 32,284,516.09 29,572,009.25
Tax on Sand, Gravel, & Other Quarry Products 0.00 900.00
Amusement Tax 1,104,680.42 1,008,956.54
Franchise Tax 0.00
Tax Revenue – Others
Other Taxes 363,460.00 562,443.50
Tax Revenue – Fines & Penalties
Tax Revenue – Fines & Penalties Taxes on
Individual and Corporation 40,180.03 45,827.84
Tax Revenue – Fines & Penalties Taxes on
Goods and Services 323,299.02 327,887.38
Share from National Taxes
Share Internal Revenue Collection 166,654,814.00 151,427,464.00
Total 225,728,413.22 202,724,665.12

Note 10 – Service and Business Income

Service Income 2017 2016

Permit Fees 5,027,465.33 2,785,897.78
 Registration Fees 1,828,404.00 1,454,171.00
Clearance and Certificate Fees 1,484,807.50 1,229,297.00
Inspection Fees 272,295.22 269,022.17
Occupation Fees 555,100.00 484,250.00
Fees from Sealing and Licensing of
Weight & Measures 75,275.00 10,800.00
Fines & Penalties – Service Income 107,609.16 75,654.21
Rent/Lease Income 2,712,828.00 3,028,921.00
Receipts from Market Operation 3,441,200.00 2,871,380.00
Receipts from Cemetery Operations 0.00 12,000.00
Sales Revenue 4,943,550.00 2,539,300.00
Garbage Fees 116,217.00 96,240.00
Hospital Fees 959,228.00 938,390.00
Interest Income 50,615.38 69,288.47
Total 21,574,594.59 15,864,611.63

Note 11 – Transfers, Assistance and Subsidy

Transfers, Assistance and Subsidy 2017 2016

Transfer from General Fund of Unspent DRRMF 0.00 370,444.80
Subsidy from Other Funds 4,607,331.59 0.00
Total 4,607,331.59 370,444.80

Note 12 – Share, Grants and Donations

Share 2017 2016

Share from PCSO 0.00 0.00
Grants and Donations in Kind 16,426,198.42 14,892,828.32
Total 16,426,198.42 14,892,828.32

Note 13 – Miscellaneous Income

2017 2016
Miscellaneous Income 38,232.09 24,953.97
Total 38,232.09 24,953.97

Note 14 – Employee Costs

Personal Services 2017 2016

Salaries and Wages – Regular 49,669,526.26 46,701,610.92
Other Compensation
Personal Economic Relief Allowance 4,171,909.13 4,203,909.12
Representation Allowance 2,226,762.50 2,334,387.50
Transportation Allowance 2,133,612.50 2,237,187.50
Clothing/Uniform Allowance 895,000.00 910,000.00
Subsistence Allowance 463,431.80 466,500.00
Laundry Allowance 901,343.20 46,650.00
Productivity Incentive Allowance 0.00 300,000.00
Honoraria 4,617,134.00 3,131,180.00
Hazard Pay 1,202,192.52 883,934.64
Overtime and Night Pay 688,635.81 682,470.64
Year-End Bonus 8,293,978.00 4,583,733.00
Cash Gift 883,000.00 912,500.00
Other Bonuses and Allowances 32,000.00 4,225,469.00

Personnel Benefit Contribution

Retirement and Life Insurance Premiums 5,894,250.82 5,387,546.20
Pag-Ibig Contribution 207,800.00 209,700.00
PhilHealth Contribution 499,825.00 485,350.00
Employees Compensation Insurance Premiums 205,524.64 204,808.29
Terminal Leave Benefits 8,966,066.42 3,967,478.71
Other Personnel Benefits 970,531.79 1,249,587.11
Total 92,922,524.39 83,124,002.63

Note 15 – Maintenance and Other Operating Expenses

Travelling Expenses 2017 2016

Travelling Expenses – Local 1,188,108.00 1,306,588.82
Training and Scholarship Expenses
Training Expenses 1,463,426.53 1,673,952.27
Scholarship / Grants / Expenses 2,985,000.00 2,710,000.00
Supplies and Materials Expenses
Office Supplies Expense 4,505,323.22 4,881,311.33
Accountable Forms Expense 287,640.00 178,155.00
Non-Accountable Forms 0.00 0.00
Food Supplies Expenses 399,634.00 1,118,096.00
Drugs and Medicines Expenses 298,393.84 441,172.00
Medical, Dental and Laboratory Supplies Exp. 448,335.20 346,992.49
Fuel, Oil and Lubricant Expenses 1,859,112.52 1,362,831.50
Agricultural and Marine Supplies Expenses 25,000.00 -
Other Supplies and Materials Expenses 2,877,337.40 1,887,428.90

Utility Expenses
Water Expenses 61,179.41 72,356.40
Electricity Expenses 12,487,302.28 10,886,286.71
Communication Expenses
 Postage and Courier Services 900.00 120.00
Telephone Expenses 2,873,137.79 2,743,311.20
Internet Subscription Expenses 672,998.72 74,502.41
Cable, Satellite, Telegraph and Radio Expenses 13,146.86 48,944.50
Printing and Publication Expenses 0.00 0.00
Confidential, Intelligence and Extraordinary Expenses
Extraordinary and Miscellaneous Expenses 111,438.00 169,070.00
Total 32,557,413.77 29,901,119.53

Note 16 – Contracted Services

2017 2016
Consultancy Services 2,926,434.82 2,401,500.00
Other Professional Services 89,800.00 100,100.00
Janitorial Services 4,485,616.90 3,231,383.00
Security Services 3,149.111.00 3,169,070.00
Other General Services 17,254,963.58 15,011,075.78
Total 27,905,926.30 23,913,128.78

Note 17 – Repairs and Maintenance

2017 2016
Rep. &Maint. – Land Improvements 0.00 447,313.18
Rep. &Maint. – Infrastructure Assets 7,192,542.62 5,782,121.26
Rep. &Maint. – Buildings & Other Structures 2,612,266.00 2,148,427.26
Rep. &Maint. – Machinery & Equipment 774,325.95 435,774.00
Rep. &Maint. – Transportation Equipment 541,425.00 895,333.71
Rep. &Maint. – Furniture & Fixtures 9,000.00 0.00
Total 11,129,559.57 9,708,969.41

Note 18 – Financial Assistance / Subsidy

2017 2016
Subsidy to Other Funds 0.00 0.00
Subsidy to General Fund Proper/Special Accounts 4,607,331.59
Total 4,607,331.59 0.00

Note 19 – Transfers
2017 2016
Transfers of Unspent Current Year DRRM
Funds to the Trust Fund 4,928,307.08 6,559,607.52
Transfer for Project Equity Share 0.00 0.00
Total 4,928,307.08 6,559,607.52

Note 20 – Taxes, Insurance Premiums and Other Fees

2017 2016
Taxes, Duties and Licenses 76,519.00 149,100.37
Fidelity Bond Premiums 89,636.25 124,140.00
 Insurance Expenses 558,329.94 1,456,961.41
Total 724,485.19 1,730,201.78

Note 21 – Other Maintenance and Operating Expenses

2017 2016
Advertising Expenses 91,000.00 525,000.00
Printing & Publication Expenses 361,750.00 199,500.00
Rent/Lease Expenses 50,000.00 1,289,904.73
Membership Dues and Contributions to Organization 2,000.00 6,200.00
Subscription Expenses 83,676.00 77,573.00
Donations 1,880,300.00 1,872,550.00
Other Maintenance and Operating Expenses 15,509,244.78 11,766,665.16
Total 17,977,970.78 15,737,392.89

Note 22 – Financial Expenses

2017 2016
Interest Expenses 4,822,085.39 4,423,016.04
Other Financial Charges 0.00 496,601.86
Total 4,822,085.39 4,919,617.90

Note 23 – Non-Cash Expenses

Depreciation and Amortization 2017 2016

Depreciation – Land Improvements 278,741.73 226,078.33
Depreciation – Infrastructure Assets 813,638.15 813,638.15
Depreciation – Buildings and Other Structures 5,559,815.91 4,452,105.88
Depreciation – Machinery and Equipment 1,395,897.97 860,645.22
Depreciation – Transportation Equipment 670,507.41 568,633.51
Depreciation – Furniture, Fixtures & Books 443,659.60 335,381.47
Depreciation – Other Property, Plant Equipment 152.12 0.00
Total 9,162,412.89 7,256,482.56

Note 24 –Reconciliation of Net Cash Flows from Operating Activities to Surplus / (Deficit)

2017
GENERAL FUND SEF TRUST FUND
Surplus/ (Deficit) 65,160,884.05 1,582,706.54
Non-Cash Transactions
Depreciation 9,742,911.19 1,417,561.33
Increase in Payables (21,055,895.10) 6,937,786.82 18,270,248.79
Increase in Current Assets (98,556.18)
Increase in Receivables 1,348,685.86 (3,907,242.43)
Non-Monetary Grants (33,025,155.43)
Net Cash from Operating Activities 22,072,874.39 6,030,812.26 18,270,248.79

2017 2016
Surplus/ (Deficit) 61,636,752.96 51,026,981.04
Non-Cash Transactions
Depreciation 9,162,412.89 7,256,482.56
Increase in Payables 39,425,517.31 15,930,100.25
Increase in Current Assets (6,679.92) (164,182.45)
Increase in Receivables (5,868,728.05) 5,795.67
Non-Monetary Grants (16,426,198.42) (14,892,828.32)
Net Cash from Operating Activities 87,923,076.77 59,162,348.75

Note 25

General Fund

Reconciliation between actual amounts on comparable basis as presented in this statement and
in the Statement of Financial Performance for the Year Ended December 31, 2017
Personnel Financial
Income MOOE Capital Outlay
Services Expenses
Comparison
Statement of
Budget and
Actual 240,059,674.21 88,841,070.39 97,686,182.52 4,822,085.39 33,764,775.94
Entity Differences
Basis Differences:
Income Not
Considered
Budgetary
Items 16,426,198.42
Non-Cash
Income
Gain on
Sale Assets
Receipts
Not
Considered
As Income
Sale of
Capital
Assets
Borrowings
Non-Cash
Expenses:

Depreciation 7,982,627.62
Amortization-
Intangible
Assets
Impairment
Loss
Discount on
Real
Property Tax (1,263,231.46)
Debt Service
(Loan
Amortization,
Retirement of
Debt Instruments)
Interest Expenses
Capitalized
Capitalized
Expenditures (33,764,775.94)
Timing
Differences:
Prepayments
Charged
To Current
Appropriations
Unconsumed
Inventories
Charged to
Current
Appropriations
Consumed
Inventories
and Deferred
Charges
to Prior Period
Appropriations

Per Statement of
Financial
Performance 255,222,641.17 88,841,070.39 105,668,810.14 4,822,085.39 -0-
Special Education Fund

Reconciliation between actual amounts on comparable basis as presented in this statement and in
the Statement of Financial Performance for the Year Ended December 31, 2017
Personnel Financial
Income MOOE Capital Outlay
Services Expenses
Comparison
Statement of
Budget and
Actual 14,731,168.06 4,081,454.00 2,144,811.76 - 6,156,771.79
Entity Differences
Basis Differences:
Income Not
Considered
Budgetary
Items
Non-Cash
Income
Gain on
Sale Assets
Receipts
Not
Considered
As Income
Sale of
Capital
Assets
Borrowings
Non-Cash
Expenses:

Depreciation 1,179,785.27
Amortization-
Intangible
Assets
Impairment
Loss
Discount on
Real
Property Tax (1,579,039.32)
Debt Service
(Loan
Amortization,
Retirement of
Debt Instruments)
Interest Expenses
Capitalized
Capitalized
Expenditures (6,156,771.79)
Timing
Differences:
Prepayments
Charged
To Current
Appropriations
Unconsumed
Inventories
Charged to
Current
Appropriations
Consumed
Inventories
and Deferred
Charges
to Prior Period
Appropriations

Per Statement of
Financial
Performance 13,152,128.74 4,081,454.00 3,324,597.03 - -

Note 26 – Local Disaster Risk Reduction Management Fund (LDRRMF)

The LDRRMF represents the amount set aside by the LGU to support its disaster risk
management activities pursuant to R.A No. 10121 otherwise known as the “Philippine Disaster
Risk Reduction and Management Act. 2010”. The amount available and utilized during the
year totaled P 10,967,150.63 and P 6,038,843.55 respective and leaving a balance of P
4,928, 307.08 broken down as follows:

Particulars Available Amount Utilized Amount Balance

Current Year Appropriation:
Quick Response Fund (QRF)
MOOE 3,231,297.00 3,231,297.00
Capital Outlay 0.00 0.00 0.00
Mitigation Fund (MF)
MOOE 4,784,096.83 3,087,086.75 1,697,010.08
Capital Outlay 2,951,756.80 2,951,756.80 0.00
Total 10,967,150.63 6,038,843.55 4,928,307.08
Continuing Appropriations:
Special Trust Fund
CY 2014 19,007.72 19,007.72 0.00
CY 2015 954,342.20 954,342.20 0.00
CY 2016 5,234,820.52 5,227,834.44 6,986.08
Total 6,208,170.44 6,201,184.36 6,986.08
Grand Total 17,175,321.07 12,240,027.91 4,935,293.16
 The unexpended balance amounting to P 4,928,307.08 will be transferred to Trust Fund under
Trust Liability Accounts.